Sec. 132. AUTHORITY TO SUSPEND MARK-TO-MARKET ACCOUNTING

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## SEC. 132 AUTHORITY TO SUSPEND MARK-TO-MARKET ACCOUNTING **[**[12 U.S.C. 5237](/us/usc/t12/s5237)**]** ###

(a)Authority The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in section 3(a)(47) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(47)) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 3(a)(8) of such Act) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors. ###

(b)Savings Provision Nothing in subsection

(a)shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on the date of enactment of this Act.

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Sec. 132

AUTHORITY TO SUSPEND MARK-TO-MARKET ACCOUNTING

U.S.C.§ 5237

U.S.C.§ 78c

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